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Cargotec as an investment

Why invest in Cargotec

Cargotec has refocused its strategy for higher financial performance. Cargotec will focus on  sustainability and growth in profitable core businesses Hiab, Kalmar Mobile Solutions and Kalmar’s horizontal transportation business. Read more.

We are a technology leader with strong market positions in all our business areas. Several megatrends support our businesses, ensuring our future growth potential. Our strategy breakthrough objectives are sustainability and profitable growth.

Outlook

Outlook

Outlook for 2023 unchanged, 20 July 2023

Cargotec estimates its core businesses’(1) 2023 comparable operating profit
to improve from 2022 (EUR 384 million(2)) and MacGregor’s comparable operating profit in 2023 to be positive (EUR -47(2) million).(3)

  1. Core businesses = Hiab + Kalmar excluding heavy port cranes and including all group costs
  2. Cargotec changed the definition of the alternative performance measure comparable operating profit starting from 1 January 2023. The restated comparable operating profit will also include the impacts of the purchase price allocation, which amounted to EUR 4 million in the core business and EUR 12 million in MacGregor in 2022. Comparison figure has been calculated based on the new definition. Restatement for 2022 figures will be published before Q1/23 result announcement. 
  3. Cargotec’s outlook for 2023 does not include the comparable operating profit of Kalmar heavy cranes business which will be discontinued

Outlook for 2023 unchanged, 27 April 2023

Cargotec estimates its core businesses’(1) 2023 comparable operating profit
to improve from 2022 (EUR 384 million(2)) and MacGregor’s comparable operating profit in 2023 to be positive (EUR -47(2) million).(3)

  1. Core businesses = Hiab + Kalmar excluding heavy port cranes and including all group costs
  2. Cargotec changed the definition of the alternative performance measure comparable operating profit starting from 1 January 2023. The restated comparable operating profit will also include the impacts of the purchase price allocation, which amounted to EUR 4 million in the core business and EUR 12 million in MacGregor in 2022. Comparison figure has been calculated based on the new definition. Restatement for 2022 figures will be published before Q1/23 result announcement. 
  3. Cargotec’s outlook for 2023 does not include the comparable operating profit of Kalmar heavy cranes business which will be discontinued

Outlook for 2023, 2 February 2023

Cargotec estimates its core businesses’(1) 2023 comparable operating profit
to improve from 2022 (EUR 384 million(2)) and MacGregor’s comparable operating profit in 2023 to be positive (EUR -47(2) million).(3)

  1. Core businesses = Hiab + Kalmar excluding heavy port cranes and including all group costs
  2. Cargotec changed the definition of the alternative performance measure comparable operating profit starting from 1 January 2023. The restated comparable operating profit will also include the impacts of the purchase price allocation, which amounted to EUR 4 million in the core business and EUR 12 million in MacGregor in 2022. Comparison figure has been calculated based on the new definition. Restatement for 2022 figures will be published before Q1/23 result announcement. 
  3. Cargotec’s outlook for 2023 does not include the comparable operating profit of Kalmar heavy cranes business which will be discontinued

​Outlook Q3 2009, 22 October 2009

Due to the weak market situation, demand for Cargotec's products and services is expected to continue clearly lower than last year. Despite expected growth in marine cargo handling business Cargotec's 2009 sales are estimated to decline approximately 25 percent from the previous year's.
An estimated total of approximately EUR 70 million will be booked as productivity-improving restructuring costs for 2009, with EUR 37 million booked in January-September. Cargotec estimates 2009 operating result after restructuring costs to be negative.

 

Outlook Q2 2009, 20 July 2009

Due to the weak market situation, demand for Cargotec's products is expected to continue clearly lower than last year, the decline being milder in services.
Despite expected growth in marine cargo handling business Cargotec's 2009 sales are estimated to decline approximately 25 percent from the previous year's level.An estimated total of approximately EUR 50 million will be booked as productivity-improving restructuring costs for 2009, with EUR 22 million reported in the first half.Cargotec estimates 2009 operating profit after restructuring costs to be slightly positive, however, cash flow from operations is estimated to continue clearly positive in the second half of 2009.

 

Outlook Q1 2009, 28 April 2009

The economic situation and investment activity continue to be uncertain, which makes it difficult to estimate demand for Cargotec’s products. This is further complicated by possible order postponements and cancellations. Sales in MacGREGOR are expected to grow in 2009. Sales of Hiab and Kalmar are expected to clearly decline from 2008 level. A total of approximately EUR 40 million of restructuring costs improving competitiveness are expected to be booked in 2009, of which EUR 9 million was booked in the first quarter.

 

Outlook Q4 2008, 2 February 2009

In the current uncertain economic situation it is difficult to estimate the demand for Cargotec's products. This is further complicated by possible order cancellations and delays. The preconditions for sales growth exist in services and MacGREGOR. Sales of Hiab and Kalmar are expected to decline from 2008. Significant restructuring measures costing EUR 35 million were decided on during 2008 to create a new supply platform and improve profitability in Cargotec. Focus is on the rapid implementation of these measures. Approximately EUR 16 million of these costs remain for 2009.

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